New Iberia is a city in Louisiana state in USA with a population of 28965 residents.. The poverty rate of New Iberia is 26.3%, which is 88% higher than national average. The typical household in New Iberia earns $43938 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 9 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 54.8% of households earn less than $50,000 a year compared to 39% national rate. With a lack of available jobs, many in New Iberia are struggling financially. Nearly one in every 1 in every 9 workers in New Iberia is unemployed. The high jobless rate has likely contributed to the widespread poverty in the city.

A high school education is a basic prerequisite for most jobs, and in New Iberia, only 82% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of New Iberia remained 10.7%, which is 128% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In New Iberia, only 20% of adults have a bachelor's degree and 22% have some college but no degree.

Cost of living in New Iberia is 87, which is 13% lower than national average. Median home value in New Iberia is $116200 , which is 49% lower than national average. While median income in New Iberia remained $43938, which is 35% lower than national average.